Post
Topic
Board Speculation
Merits 1 from 1 user
Re: How will the next big recession affect the BTC price?
by
lordquas
on 27/10/2018, 15:57:46 UTC
⭐ Merited by theymos (1)
Bitcoin went from 20k to 6k, a year being hammered down by those who profed a lot from the high and that was the limit of the market itself.

We do not have the absurd amount of institutional investors and investment funds, which can not give losses to their customers, having in a possible crisis, to liquidate their positions. Our market is based on people, not institutions.

Not to mention the many hodlers, people who have suffered losses and are holding their positions, miners that will help strengthen the 6k barrier, and the market sold out, lateralized for months proving this fact.

On the other hand we have the American markets in their historic high, where everyone knows that a correction will come sooner or later. (And Bitcoin was created for these moments).

Many of the people who have bitcoins are afraid that it falls, but in a fall of the American markets, these same people have hoped that part of this capital enter the market, and that is why discussions like these occur.

Our market is small, but strong, and everyone knows that when they make the sale, that occurs the loss. I believe that most individuals in our market will not realize their losses in a moment of crisis. With the great possibility of entering a lot of money soon after they liquidate their positions by lowering the price, it would be stupid.

Our biggest concern is who made profits between U $1k and 6k, these people < that were the first, and the biggest enstusiasts > will be stupid enough to destroy our market, with a possibility of it simply multiplying by 10? No, I don't think so.